Health spending accounts: a prescription for cost control

By Jacqueline Taggart
|Canadian HR Reporter|Last Updated: 10/24/2001

Money, money and more money… that’s probably what comes to mind for most HR professionals when they consider their company benefit plans.

Having a competitive benefits package is important but it isn’t easy providing a top-notch plan as costs continue to rise year after year with no end in sight.

The drivers for this include — among others — increasing usage, drug costs outpacing inflation by a wide margin and annual renewal rates frequently in the 10 to 15 per cent range.